Announced
Financials
Tags
Friendly
Single Bidder
technical watches
chronographs
Specialty Retailers
Switzerland
Acquisition
Domestic
Minority
Pending
Private Equity
Private
Synopsis
Partners Group, a global private markets firm, agreed to acquire a minority stake in Breitling, a Swiss watchmaker, from CVC Capital Partners, a private equity and investment advisory firm. Financial terms were not disclosed. "We are delighted to welcome Partners Group as an investor, and Alfred Gantner as a Board member. With CVC and Partners Group we have a strong alliance to accomplish our ambitious targets to realize our immense potential to become one of the undisputed leaders in the Swiss Watch Industry," Georges Kern, Breitling CEO.
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